Segment Information

6 Months Ended

Jun. 28, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates four operating segments: envelope, print, label and packaging. Based upon similar economic characteristics and management reporting, the Company has aggregated the label and packaging operating segments to have a total of three reportable segments: envelope, print and label and packaging. The envelope segment provides direct mail offerings and transactional and stock envelopes. The print segment provides a wide array of print offerings such as high-end printed materials including car brochures, advertising literature, corporate identity and brand marketing material, digital printing and content management. The label and packaging segment specializes in the design, manufacturing and printing of labels such as custom labels, overnight packaging labels, pressure-sensitive prescription labels, full body shrink sleeves, and specialized folded carton packaging.

Operating income (loss) of each segment includes all costs and expenses directly related to the segment's operations. Corporate expenses include corporate general and administrative expenses including stock-based compensation.

Corporate identifiable assets primarily consist of cash and cash equivalents, miscellaneous receivables, deferred financing fees, deferred tax assets and other assets.

The following tables present certain segment information (in thousands):

	For the Three Months Ended						For the Six Months Ended
	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net sales:
Envelope	$	229,593		$	161,304		$	471,264		$	327,757
Print	124,986			121,554			253,383			248,799
Label and Packaging	124,831			123,682			244,882			248,598
Total	$	479,410		$	406,540		$	969,529		$	825,154
Operating income (loss):
Envelope	$	9,332		$	10,125		$	19,138		$	19,135
Print	4,741			2,018			5,981			3,025
Label and Packaging	11,048			12,908			21,241			24,452
Corporate	(11,774		)	(8,209		)	(22,941		)	(18,092		)
Total	$	13,347		$	16,842		$	23,419		$	28,520
Restructuring and other charges:
Envelope	$	5,618		$	1,535		$	8,635		$	2,675
Print	598			1,162			2,604			2,143
Label and Packaging	336			(73		)	627			202
Corporate	786			100			1,419			1,886
Total	$	7,338		$	2,724		$	13,285		$	6,906
Depreciation and intangible asset amortization:
Envelope	$	5,134		$	3,376		$	10,288		$	7,250
Print	6,052			5,283			11,752			11,148
Label and Packaging	4,413			4,515			8,290			9,101
Corporate	1,200			1,423			2,530			2,736
Total	$	16,799		$	14,597		$	32,860		$	30,235
Net sales by product line:
Envelope	$	229,593		$	161,304		$	471,264		$	327,757
Print	124,986			121,554			253,383			248,799
Label	82,475			82,133			161,161			167,517
Packaging	42,356			41,549			83,721			81,081
Total	$	479,410		$	406,540		$	969,529		$	825,154
Intercompany sales:
Envelope	$	1,227		$	1,054		$	2,759		$	1,989
Print	6,525			1,865			7,712			2,688
Label and Packaging	1,946			2,094			4,123			3,693
Total	$	9,698		$	5,013		$	14,594		$	8,370

	June 28, 2014		December 28, 2013
Total assets:
Envelope	$	459,960	$	472,334
Print	299,291		320,720
Label and Packaging	373,994		356,183
Corporate	69,367		64,467
Total	$	1,202,612	$	1,213,704